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Crypto Market News Today, November 29: BTC USD Stable at $90,000, ETH USD Grinding Up as Chicago Data Center Chaos Ends

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The big story in the crypto news today is how surprisingly calm the market looks after what could’ve been a much bigger shake-up. BTC USD is still parked around $90,000, and ETH USD keeps inching upward. These all happened even after that sudden Chicago data center outage that briefly froze global trading screens.

Once the Chicago data center issue was sorted out, markets snapped back, and stocks even pushed higher on hopes the Fed might finally ease rates. Somehow, BTC and ETH barely flinched against USD through all of it.

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If anything stands out this week, it’s how aggressively institutions are buying the dip. Ark Invest scooped up $88 million worth of Bitcoin, and BlackRock grabbed another $68.8 million worth of Ethereum. The institutions are showing conviction while retails are in deep fear.

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Institutions Keep Buying While Liquidity Pours In: Can ETH USD Catch Up?

Following the conviction of the big boys, approximately $190 billion flowed back into the crypto market in just a week. A good sign that the bigger players don’t think the party’s over just yet.

USD Stable issuer Circle also minted another 500 million USDC, bringing the total to $1.25 billion over the last 2-3 days. This added liquidity is typically recycled back into BTC and major altcoins like ETH once confidence returns to redeploy.

Outside crypto, metals are on a tear. Gold is tightening into another bullish consolidation, and Silver just printed a fresh all-time high at $56, up by almost 90% since January.

When stocks, metals, and risk assets all start heating up together, the spillover into BTC and ETH against USD tends to follow, and a lot of people watching crypto news today expect exactly that.

But scroll through X and most crypto communities, and we will see the opposite sentiment: doomsday predictions, October cycle top theories, and warnings of an 84% crash.

Crypto Fear and Greed Chart

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The funny part? Every indicator that actually nailed the 2013, 2017, and 2021 tops is silent. Pi Cycle Top is not triggered. MVRV Z-Score is also at an absurdly low 1.07, which is historically oversold. Puell Multiple is under 1, meaning miners are squeezed at the moment.

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BTC USD Primed for the Next Move

ETF flows tell the real story in the bigger picture. Even with November’s record $3.79 billion in outflows, BlackRock still holds 777,000 BTC, and more than 10 billion USD in ETH. We know the institutions didn’t blink after the Chicago data center mess. The market is still bullish despite the current dip.

BTC steady, ETH climbing against USD in crypto news today as Silver hit ATH and markets recover from Chicago data center outage.

(source – BlackRock, Arkham)

This recent 36% pullback over six weeks was the harshest of the cycle, and it caught almost everyone off guard after months of slow bleeds. But structurally, there is nothing broken. The same weekly divergences that launched earlier rallies are forming again. If BTC USD pushes toward $112,000, more than $15 billion in short positions could get wiped out in one massive squeeze.

BTC steady, ETH climbing against USD in crypto news today as Silver hit ATH and markets recover from Chicago data center outage.

(source – Liquidation Heat Map, Coinglass)

So, despite the noise, the crypto bull run does not look done. Today, with crypto liquidity rising, big money still buying as seen everywhere in the news, and indicators refusing to show a top, the setup favors continuation.

It’s Saturday, and I’m bullish, as always.

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Barcelona Crypto Nightmare: How a Big Money Sponsorship Became a Big Money Liability

Akiyama Felix

By Akiyama Felix

A new crypto partnership meant to steady FC Barcelona’s finances has instead become a public headache within days.

FC Barcelona is facing growing criticism after confirming in mid-November that a Samoa-based company, Zero-Knowledge Proof (ZKP), would act as the club’s “Official Cryptographic Protocol Partner.” 

But by November 26, the club moved to distance itself from a digital token launched by the sponsor, insisting it had “no connection whatsoever” to the asset.

The controversy broke in Barcelona over the past 24 to 48 hours as fans and observers questioned who controls ZKP and why the club approved the arrangement. 

Read the full story here.

QNT Crypto Exchange Supply at Record Lows: The London-Based Quant Network Is Slowly Climbing in a Red Market

Akiyama Felix

By Akiyama Felix

Quant network, or QNT, has been quietly pushing higher even as most of the crypto market stays red. While major coins struggle to hold support, Quant has managed to nudge its way toward the mid $90s after an 11% jump, giving it an unusual bit of strength in a gloomy week.

A lot of this comes down to Quant Network’s slow-burn progress with Overledger, the London-based company’s interoperability system that aims to connect blockchains with the traditional financial rails that institutions still rely on.

Between shrinking exchange supply and growing attention from the crypto community, there are a few reasons QNT crypto keeps climbing while everything else looks heavy.

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Read the full story here.

The post Crypto Market News Today, November 29: BTC USD Stable at $90,000, ETH USD Grinding Up as Chicago Data Center Chaos Ends appeared first on 99Bitcoins.





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